Russ Steele
Watts Up With That has the details in: Chicago Climate Exchange devalues 50%, new record low. The only lower price than today’s closing price on Carbon is ZERO.
In California under AB32, CARB hopes carbon trading will produce revenue for the state. One has to ask, were is the money going to come from when businesses can buy carbon for less than 5 cents per ton. In fact, California companies can buy a ton of carbon at ZERO cost. How can CARB make money when carbon is FREE? There must be something that we do not understand.
AB32’s Cap and Trade is a scam. It is scam that California citizens can avoid by voting YES on PROP 23.
